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Bharti Airtel has shortlisted banks including Standard Chartered and JPMorgan to manage a share sale in its telecoms tower unit to raise more than $750 million, two sources with direct knowledge of the matter said. Top telecoms carrier Bharti has also shortlisted Bank of America Merrill Lynch...

Claiming that the sub-prime crisis in the mortgage market has not affected the bank, Standard Chartered Bank chairman Mervyn Davies said the crisis was not yet over and it would take few months to tide over. "Sub-prime crisis has been a real shock, though Asian markets like China and India have...

Standard Chartered Plc on Tuesday reached an agreement to acquire US-based American Express Bank Ltd for about 431 million pounds ($860 million) in cash- a deal that would give the British banking major additional branch licences in India. StanChart said in a statement that it has agreed to...